Sunday, May 14, 2006

Is it Crazy that a Coin Costs More to Make Than its Value?

An interesting fact about coins costing more to make than their representative value is discussed on One Digital Life.

I'm not sure that it's all that crazy. I'm not an economist but as I understand it, that coin can represent its value on hundreds of ocassions as it passes through the whole value chain many times in its lifetime. The question is more about how many times a coin can be reissued into the economy by the Government's bank in its lifetime?

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